MacIntyre Hudson forms MHA network
Top 20 accountancy firm MacIntyre Hudson has recruited five other firms into a national association called MHA.
Describing the network as “a new concept for the accountancy market”, MHA will form a national brand delivering advice via regional firms working in collaboration.
The six founder members currently make almost £80m in annual fee income. Each will remain independent and retain their existing local identities. Alongside MacIntyre Hudson, which originated the idea, the MHA firms include:
- Broomfield & Alexander (Wales)
- Carpenter Box (South Coast)
- Henderson Loggie (Scotland)
- Larking Gowen (East Anglia)
- Moore and Smalley (North West)
The increase in fee income brought about by the new grouping will boost MacIntyre Hudson's standing in the accountancy league tables, but probably not by enough to move it from the top 20 into the top 10 - at least with the current line up. There are strong reasons for smaller regional firms to join MHA, but the tangible rewards for the group leader are harder to see.
MHA said its target is to recruit up to six more members. The association will let member firms transfer knowledge and skills between each other to take advantage of their differing specialist skills. The joint approach will mean MHA can tender for more national contracts than the firms could as individual entities. can achieve alone and is expected to help all six firms achieve greater growth over the coming years.
MacIntyre Hudson group chairman Mike Brown commented: “We have ambitious growth plans and believe that an association is the route to provide nationwide coverage whilst at the same time concentrating on growing our existing offices by a mixture of acquisition and organic growth. We have worked hard to find like-minded firms with outstanding reputations in their field of expertise and geographical area. What is unique about this association is it gives all our members the opportunity to operate on a level playing field.”